Two significant price reductions over the weekend highlight today’s Teton County Multiple Listing Service Hotsheet. A 2-bed, 1-bath, 865-square-foot Meadowbrook condo is now a short sale listed at $219,500, down from $359,500 after 410 days on the market. That is $253 per square foot. At this price, the monthly payment on a 30-year mortgage is comparable to what these units rent for. In Teton...
building site
As prices for Jackson Hole real estate have fallen in the past year, sales of building sites have decreased dramatically. In general, better deals on existing homes have been more attractive than buying land and building. But there will always be those more interested in designing and building a home themselves. And while Teton County is quite famously comprised on 97 percent public lands that cannot be...